In calculating GDP, your tuition expenditures at college are classified as
A) consumer expenditures on services.
B) consumer expenditures on goods.
C) consumer expenditures on durable goods.
D) investment spending.

Question

Quizplus · Accepted Answer

Tuition expenditures at college are categorized as paid fees for an educational service, which falls under the category of consumer expenditures on services in GDP calculation.

In Calculating GDP, Your Tuition Expenditures at College Are Classified